Unusual year could change your tax time strategies

By Noel Whittaker
Updated July 2 2021 - 3:02am, first published June 5 2020 - 5:00pm
It's worth getting tax advice in an unusual financial year
It's worth getting tax advice in an unusual financial year

June 30 is rapidly approaching, which means it is time to seek advice about ways to save tax. This has been a most unusual financial year, and your income may be way down. If that's the case, it may be valuable to postpone personal concessional deductible contributions to superannuation, or repairs and maintenance on investment properties, until a year when your earnings put you in a higher tax bracket, when the deduction would give you a higher refund.

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